Shares of SLR Investment Corp. (NASDAQ:SLRC – Get Rating) have received an average rating of “Hold” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $15.89.
SLRC has been the topic of several research analyst reports. Raymond James lowered their target price on SLR Investment from $19.00 to $16.50 and set an “outperform” rating on the stock in a research note on Thursday, August 4th. Oppenheimer cut SLR Investment from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $20.00 to $16.00 in a research note on Wednesday, August 3rd. StockNews.com initiated coverage on SLR Investment in a research note on Wednesday, October 12th. They set a “sell” rating on the stock. Compass Point raised SLR Investment from a “neutral” rating to a “buy” rating and set a $15.75 target price on the stock in a research note on Wednesday, November 9th. Finally, Hovde Group reduced their price target on SLR Investment to $15.00 in a report on Wednesday, October 5th.
In related news, Director Steven Hochberg sold 14,850 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $13.71, for a total value of $203,593.50. Following the completion of the sale, the director now directly owns 5,742 shares in the company, valued at approximately $78,722.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.40% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On SLR Investment
SLR Investment Trading Down 0.5 %
NASDAQ:SLRC opened at $14.28 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.00 and a quick ratio of 1.00. SLR Investment has a fifty-two week low of $12.08 and a fifty-two week high of $19.60. The stock’s 50-day moving average is $13.54 and its two-hundred day moving average is $14.51. The stock has a market cap of $782.12 million, a PE ratio of 102.00 and a beta of 1.08.
SLR Investment Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th will be issued a dividend of $0.137 per share. The ex-dividend date is Wednesday, November 16th. This represents a $1.64 annualized dividend and a dividend yield of 11.51%. SLR Investment’s dividend payout ratio is 1,171.43%.
SLR Investment Company Profile
SLR Investment Corp. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, leveraged buyouts, acquisitions, recapitalizations, general refinancing, growth capital and strategic income-oriented control equity investments in leveraged middle market companies.
- Get a free copy of the StockNews.com research report on SLR Investment (SLRC)
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